Altice increases its ownership of BT shares to 24.5%

Patrick Drahi-owned Altice UK has announced it has increased its holding of shares in UK operator group BT to almost a quarter, but still doesn’t intend to make a full acquisition bid.
The latest purchase was of 650 million shares, which took Altice’s total holding to 24.5%, up from 18%. That previous threshold was subject to a UK government probe last year, which concluded that Drahi’s involvement in the company doesn’t present a national security risk. It may decide thi